⚡️Glassnode data shows: long-term $BTC holders are waiting for higher prices!
Comparing the current cycle with the 2015-2018🔵 and 2018-2022🟢 cycles, although the market conditions are very different, it can be seen that the magnitude and duration of the rebound are very consistent.
A few important historical pieces of information:
1. Past bull markets usually extend from the current point for 4 to 11 months, there is still space, and it can still rise.
2. In the past 30 days, over $62.9 billion of capital inflow has been generated through ETFs, enough to absorb 90% of the #Bitcoin selling pressure.
3. A total of 14 million Bitcoins held by long-term holders are all in profit, and holders are still expecting to sell at higher prices.
When the market greed index has been above 90+ for three consecutive days, it has already been recognized that a healthy correction at a small level is very necessary, don't panic.
The more important question now is, is the script called 'Shanzhai Kuangbiao' written in this map really coming? 😳
